Terms to know in Real Estate Investing
We are not lawyers, we are real estate investors!
This is an exhaustive glossary for USA, Canada, Australia and New Zealand
Deeds of Trusts and Mortgages, Title Companies and Lawyer Closings, lots to know. We place great terms here.
The provinces have different terms and procedures from each other. We do our best to list terms to know in canada.
The states, especially in Lease Options, have unique differences.
The North Island and the South Island have close similarities, but Lease Options are brand new, and Wraps are not favored by the banks.
A piece of property which is pivotal to the success of a proposed development.
For a commercial or office development, the resident who attracts other residents or customers, such as a major chain store in a mall or a law firm in an office building. May gain favourable lease provisions as an incentive to lease space.
Gratuitous payment made to a person for a referral of business.
Additional compensation for a lender or investor, the right to share in the income from the property in addition to payments of principal and interest. Also known as “equity kicker” or “lender participation”.
Any small structure that stands alone, usually for the purpose of supplying a product or service (i.e. the attendant’s booth in a parking lot, a lottery booth in the centre of the promenade of a mall).